The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-10-09
"IT'S NO TRADE"
The b. 4 o. Telegraph Has Not
Been Sold.
Jay Gould Has Not Got the Plant
Hut Jay Contends That
He Has.

NKw YORK. Oct. S.-The Times
Prints the following: "Its no trade,
gentlemen said Mr., Robert Garrett
to Edward s. Stokes and a email party
Of friends at the Hoffman house early
last evening. He rsfsrrtd to the sale
Of the Baltimore & Ohio telegraph
company TO Jay Gould. TIE au.
nouL cement, most emphsticslly made,
was q genuine surprise to Mr.. Stokes
and his friends. They supposed the
sale had been ratified aud that all
papers relating 10 1t had been signed,
sealed and delivered. They limited
as much, asking Mr., Garrett II he had
read the papers. Mr.. Garrett replied
that he had, but repeated that in spite
OF everything said ard doae, that the
Baltimore & Ohio telegraph company
had not yet been absorbed by its
hupg,y rival. Mr.. Garrett looked aud
spoke as II he were very much in
earnest. There Ia no exARgers.
ton in the statement that IL put
Mr.. Garrett in bad humor to
discover that the sy Indicate apparently
considered his presence entirely un.
necessary. Mr.. Garrett thought 60
much haste unseemy, and in din cuss.
ing the tae last evening he eaid 80.
The syndicate might have waited, lie
thought, until be was upon the
ground before IL disposed OF the prop.
erty in the preservation OF which he
was particularly interested. 1t looked
ODD, he said, that an attempt should
be m ade to se!l the property while he
wss on the ocean and not In posi
ton to interfere with plans In which
he was at least entitled 10 voice. Be.
fore Mr.. Gaustt left the Hoffman
house he had impressed his hearers
with the idea that Gould might ex, c
rience good deal Of tiou lie before
he could legally claim the Baltimore
& Ohio telegraph company a. bis own.
OF one thing they we're sati Il d j. that
Gould would not be allowed 10 keep
bis new purchase ht the price no is
said tn have p nd, for MIR. Garrett, in
addition to amour cling that no trade
has beei made, said that Gould would
under no circumstances get toe Bait.
more & Oaio Telegraph company for
IS, 100000; he would have TO pay q
good deal bigger figure, for he was the
last man in the country 10 whom
Garrett would be willing to sell.
Robert Garrett did not say all this
unit he had q long talk with John
X. Cowsn ami other counsel. He
spent several hours at tie Bfevoori
In consultation with his lawyers, and
the matters under discussion were
considered 90 important that 2 O'Clock
arrived before MI Garrett bethoueht
him OF promise he had made to
lunch with some friends at the MN.
haitian club. Lunch having been dis
posed Of, Mt. Garrett walked up TO
the Hoffman house and there made
opponents Of Western Union and
friends OF competitors In telegrsphy
happy by declaring that lie meant
hght aud felt cure Of winning. He was
inclined to this way OF thinking
through the kno Wedge that the B lti.
more 4 Ohio telegraph company was
indebted TO MIN personally to the not
altogether trivial cum OF between
g. 90. 900 and -. 100000.
"Wnen Mr.. Garrett returned 10 the
Brevoort house last evening be was
not In a laxative mood, 90 FAR as bus.
iness was concerned. He had moth
ing 10 s,y, mot row at last perhaps
In u day or two ,"
Mr. Garrett eiill refuses 10 see 70.
por ,ers 20 say whstheT The great iele.
graph deal bas been Iesa ly com piei,d
or not. Mr. + okes run o., - hs "a In
his private Off 20 Of the Hoffman this
morning. wien Tepoitsr accn't'd
him on the tut ct OF NJ. Care 10
threats o. the night teior,. lie was
a'k.d this gu ,s'ion:
"Dd 81, Garrett say 10 you las.
night thst there would n. no deal
vi h III. w stem UuioL ?"
He sid tDsfe NO aid D. fun Jnme.
whs Q. He was very mucn ,xcit
aud abused Jay Gould without stioi.
II there bal been q trade, hs said, 10
would not hold water"
did he threaten 10 Gu, Mr..
Gould7'
ayes. no threatened all sorts OF
thiDgr. H. said that he had been o d
out by his friends, and that he would
get even all around. never taw him
90 exc ted. lie declared that snsp
Judgment had been taken on him
sheu tie WIS swav, but that the con.
spua,ofs would d d that Iheir plans
would not rul1."
"Duy u hHve any dealing, With
Mr. Gar'tt IN reference 10 tire Bal /.
mo' a o 10 telegraph libes7'
~, "a good nhuy. Wben NJ
CART went 10 Eurupe he otL.rg.n
tl.men engaged In the de nj believed
thai ws al ID ut "A .cied H.. rln
60 idAtlon Of the Baltimore Il o ito,
the Postal aud the United Lines tels
graph companies. II Garrett Tad
done 20 he y omised 10 do, the Wsst
ern U atom would never pay another
dividend"
"whst was the p omiie7"
IA agreement TO the consolidation.
We vera TO capitaliE, the stock st
s20,0 900 OC0 Mr. Joho W. Mscsav
IVES 10 PIT 10 81, O01 90, Mr.. Can't
81, 001, lOO, and tn. st Oh ~ tho com.
paDy would maize up the $40. 1000. 900 "
"HIve you a'y idea Why Garrett
failed 20 keep his Word2'
mot the slightest tie went n 10
T. uop', aud that ended the matter.
rs II PROBABLE that the w"rern
| Uuion will nov twsllow the u ,ited
Line add the Postal COMPANIES p
mo. / ought TO kuow som, thing
about that, aud will have something
n cay when the areEpt 10 made. We
are not for sale"
"whAt 10 your personal opini)n a
toe Baltimore a o 40 tal. 2"
81 think that Gould hss the lines,
or, II he has not, he has such zig
,l,cs ih,t he will soon get the rect.
Hs's GIT the longest pole, snd I guoss
he vii get tbs pers mmous
"D you think tba; Mr.. Garrett was
In earnest when he was talking last
nigh,7'
"He Vas, or | was more deceived
BY mab's action than ever wa, be.